the drug-dealing and homelessness issues
that had plagued montreal’s chinatown district in recent years have largely been cured, local authorities say. now, business owners have a new rallying cry and a plea to city authorities: invest in chinatown — or watch it continue to decay.
merchants and developers who have come together under the montreal chinatown development council are looking for ways to revitalize a district hampered by street closures, high business taxes and years-long permit times for new housing projects.
business and community leaders are calling for cheaper parking rates, less onerous city regulations and a
nightlife strategy to bring in younger patrons and residents to revitalize the aging district.
tony ho, who was born in china and educated in montreal, returned here after 20 years back in his home country to invest in a city he loves for its european feel and high quality of living.
“i really found montreal is a unique city compared to any other metropolitan areas in north america,” he said.
but it took him two years to get the municipal permits necessary to build a 30-unit building in the heart of chinatown, and high taxes and fee costs meant his profit margin was low. chinatown, with its significant older population, needs the younger generations to visit its restaurants and invest, but they won’t do so if it’s not financially feasible, ho said.